Cracker Barrel 2008 Annual Report Download - page 58

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56
C B R L G R O U P, I N C .
Consolidated Statement of Changes in Shareholders’ Equity
(In thousands except per share data)
Accumulated
Additional Other Total
Common Stock Paid-In Comprehensive Retained Shareholders’
Shares Amount Capital (Loss) Earnings Equity
Balances at July 29, 2005 46,619,803 $ 466 — — $ 869,522 $ 869,988
Comprehensive Income:
Net income — — — — 116,291 116,291
Change in fair value of interest rate swap, net
of tax benefit of $2,691 (See Notes 2 and 8) — — — $(4,529) — (4,529)
Total comprehensive income — — — (4,529) 116,291 111,762
Cash dividends declared – $.52 per share — — — — (22,471) (22,471)
Share-based compensation — — $ 13,439 — — 13,439
Exercise of stock awards 1,057,103 11 27,272 — — 27,283
Tax benefit realized upon exercise of stock options — — 6,441 — — 6,441
Purchases and retirement of common stock (16,750,000) (168) (42,895) — (661,097) (704,160)
Balances at July 28, 2006 30,926,906 309 4,257 (4,529) 302,245 302,282
Comprehensive Income:
Net income — — — — 162,065 162,065
Change in fair value of interest rate swap, net
of tax benefit of $2,001 (See Notes 2 and 8) — — — (4,459) — (4,459)
Total comprehensive income — — — (4,459) 162,065 157,606
Cash dividends declared – $.56 per share — — — — (14,908) (14,908)
Share-based compensation — — 12,717 — — 12,717
Exercise of stock awards 1,125,924 11 33,168 — — 33,179
Tax benefit realized upon exercise of stock options — — 6,642 — — 6,642
Issuance of common stock 395,775 4 12,132 — — 12,136
Purchases and retirement of common stock (8,774,430) (87) (68,916) — (336,528) (405,531)
Balances at August 3, 2007 23,674,175 237 — (8,988) 112,874 104,123
Comprehensive Income:
Net income — — — — 65,553 65,553
Change in fair value of interest rate swap, net
of tax benefit of $7,273 (See Notes 2 and 8) — — — (18,665) — (18,665)
Total comprehensive income — — — (18,665) 65,553 46,888
Cumulative effect of a change in accounting
principle – adoption of FIN 48 (Note 12) — — — — 2,898 2,898
Cash dividends declared – $.72 per share — — — — (16,504) (16,504)
Share-based compensation — — 8,491 — — 8,491
Exercise of stock awards 276,166 2 304 — — 306
Tax deficiency realized upon exercise of
stock options — — (1,071) — — (1,071)
Purchases and retirement of common stock (1,625,000) (16) (6,993) — (45,371) (52,380)
Balances at August 1, 2008 22,325,341 $ 223 $ 731 $(27,653) $ 119,450 $ 92,751
See Notes to Consolidated Financial Statements.